Doesnt take much To manipulate this thing. And its a private placement so you cant even blame the banksters.
Its interesting that they dont announce their financials anymore.
The Company’s cash provided by financing activities was $39,219,280 (2022 - $8,479,541) for nine months period ended July 31, 2023, reflecting the net proceeds from its private placement, promissory note and long-term loan. The Company expects funding to complete the development of Bradshaw through equity transactions such as equity offerings, exercise of stock options and warrants. The Company will continue to explore various alternative financing methods to continue the advancement of its projects.
They're playing a funny game with their reporting. Somehow they ended Q3 with more money than Q2 while managing to burn through 8m of it. Likely just aligned with the closing dates of the agreements, but seems odd nonetheless.
Cash used by investing activities was $13,483,081 (2022 - $2,220,583) for the nine months period ended July 31, 2023, reflecting costs attributed to the advanced exploration activities including, care and maintenance, engineering and permitting, site development work associated with the ventilation raise, etc.
It will be interesting to see in the Q4 what our accounts payables look like...